date:Jan 21, 2013
bushels needed to stay on pace with USDAs 1.345 bb demand projection. Please see chart.
Strength in soybean basis is mainly seen along the Mississippi River in St. Louis due to increased water levels after recent rains. Barge traffic is picking up after being almost idle the past few weeks. Cash soybean basis strengthened with the latest national average soybean basis placed at -13.0/bu under the Chicago March 2013 futures contract. Chart signals and fundamentals indicate producers should